Dude Solutions, Parent Company of SchoolDude and FacilityDude, Announces Growth Investment from Warburg Pincus of up to $100 Million
Clients to benefit from increased breadth of products and services
Company plans to hire sales, marketing and technology professionals to support growth
Cary, NC and New York, (February 3, 2014) – Dude Solutions Inc. (“Dude Solutions” or “the
company”), a leading cloud-based software-as-a-service (SaaS) provider of facility management
solutions to several industries under the SchoolDude and FacilityDude brands, today announced
that an affiliate of Warburg Pincus, a leading global private equity firm focused on growth
investing, has agreed to make a minority investment of growth capital and additional funds
available for strategic acquisitions. The total commitment by Warburg Pincus is up to
Founded in 1999, Dude Solutions provides facilities management solutions to school districts,
community colleges, universities, governments, community organizations, healthcare and other
commercial industries to manage and maintain their investments in facilities, equipment and IT
infrastructure. During the past 14 years more than 8,000 clients have selected Dude Solutions
software for facilities and IT management. The company enables their clients to streamline
facility maintenance work order and IT help desk management, schedule preventive
maintenance and plan for capital replacements, increase inventory accountability, maximize
after-hours facility use and manage utility consumption through their award-winning suite of
"This investment is a testament to Dude Solutions’ market leadership, service focus and vision
for facilities management," said Kent Hudson, Chief Executive Officer and Co-Founder of Dude
Solutions. “As we broaden our reach into facilities management and sectors where Warburg
Pincus has deep domain knowledge, our clients will benefit as we continue to increase the value
of our products and services."
"We chose to partner with Warburg Pincus in part because it appreciated how our
entrepreneurial, innovative and industrious culture has enabled Dude Solutions to achieve its
success to date," said Lee Prevost, Co-founder of Dude Solutions and President of SchoolDude.
“With this new capital, we can do more of what we have been doing at even a faster pace."
"Dude Solutions has an impressive history of helping its clients save money, increase efficiency
and improve services with their facility management solutions across a number of industries,”
said Alex Berzofsky, Managing Director, Warburg Pincus. “We are excited to work with the team
as they continue to expand the SchoolDude and FacilityDude brands through organic growth
and strategic acquisitions."
The company anticipates supporting its growth initiative by hiring sales, marketing and
About Dude Solutions
Dude Solutions, parent company of SchoolDude and FacilityDude, is a leading cloud-based
software-as-a-service (SaaS) provider of facility management solutions to education, healthcare,
government, clubs and other commercial industries. Founded in 1999, SchoolDude is a market
leader in maintenance and operations software assisting educational institutions to better
manage their facilities, information technology and energy consumption. Its sister company,
FacilityDude, started serving Clients in 2008 by expanding the proven SaaS platform beyond the
education sector into local governments, healthcare, club and other commercial facilities. For
more information on Dude Solutions companies visit www.schooldude.com and www.facilitydude.com.
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm
has more than $35 billion in assets under management. The firm’s active portfolio of more than
125 companies is highly diversified by stage, sector and geography. Warburg Pincus is an
experienced partner to management teams seeking to build durable companies with sustainable
value. Founded in 1966, Warburg Pincus has raised 13 private equity funds, which have invested
more than $45 billion in over 675 companies in more than 35 countries.
Since inception, the firm has invested more than $15 billion in technology, media and tech enabled
services companies, including investments in BEA Systems, iParadigms Holdings
LLC, Coyote Logistics, Endurance International Group (NASDAQ: EIGI), FacilitySource, FIS (NYSE:
FIS), GT Nexus, MLM Information Services , Nuance Communications (NASDAQ: NUAN), Service
Repair Solutions, UGS, VERITAS Software and Wall Street Systems.
The firm is headquartered in New York with offices in Amsterdam, Beijing, Frankfurt, Hong Kong,
London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo and Shanghai. For more
information please visit www.warburgpincus.com.